Will NZD/JPY create an inverse head and shoulders pattern here? In the 1-hour timeframe, it currently tests the 200-moving average and that will act as key resistance. If it holds, then the bears retain control. However if we push above the 200 in that timeframe, then we are also initiating the break of the neckline in this head and shoulders pattern,The measured move target to the upside would 40 pips from the neckline break, which comes in around 81.50. - Nick